China’s budding economic recovery provides not only provides some relief to global manufacturing but also insight and guidance into a timeframe when the rest of the world’s economy will restart. Real-time indicators show that China is re-starting its industrial complex…Clearly, the re-start is at an early stage, but things are gradually improving. — Sanford C. … More China Restarts Economy
The U.S. COVID-19 curve is going vertical as the virus spreads and new cases are finally being counted as testing is ramped up. Though political pressure is building to “open the economy,” we believe the economy will not begin to improve until serval weeks after the rate of change of these curves turns negative. Italy … More When Will The Economy Begin To Recover?
An IPC survey of 101 companies found that 22 percent expect the coronavirus to result in fewer new product introductions this year. Supply Shock On average companies are reporting a five-week delay on receiving component shipments from their suppliers. Around 50 percent of respondents don’t expect business to return to normal until July. Delays on … More Fewer Production Launches Expected This Year – IPC
The Saudi-Russian Oil War is going to cause crude oil prices to collapse. Saudi Arabia plans to increase oil output next month, going well above 10 million barrels a day, as the kingdom responds aggressively to the collapse of its OPEC+ alliance with Russia. …“This is going to get nasty,” said Doug King, a hedge … More Oil Prices Set To Collapse
The latest report is somewhat meaningless until we see how the coronavirus plays out in the United States. Nevertheless, U.S. manufacturers said business began to significantly slow in February as supply bottlenecks caused by the coronavirus hampered their ability to get parts. The February PMI® registered 50.1 percent, down 0.8 percentage point from the January … More U.S. February PMI Comes In At 50.1
The IPC is reporting that electronic manufacturers could face up to five-week delays in product shipments due to the supply chain shock caused by the coronavirus. Shipping delays from China and other countries are already having a negative impact. The IPC said 65% of manufacturers report their suppliers expect an average of a three-week delay. … More Electronics Manufacturers Face Delays In Product Shipments
We are posting the full editorial posted by the Taipei Times this morning. Here are the money quotes: Taiwanese electronics manufacturing service providers, such as Hon Hai Precision Industry Co and Pegatron Corp, expect to suffer from supply chain disruptions, as more than 80 percent of their output comes from China. …unprecedented supply chain disruptions … More Taiwan Sees Upside In Coronavirus Supply Chain Disruption
Chris Martenson is good and was one of the first out with a correct forecast on the coronavirus. Take the 25 minutes to get more informed. “Japan is going to the place where it is going to blow up next.” Exponential Growth Outside Of China
February 18, 2020 By Walt Custer SEMI Data through December showed a steady recovery in the global electronics supply chain with SEMI equipment leading the way in 3/12 growth (Chart 1). The global purchasing managers index moved into expansion territory (PMI>50) in January indicating accelerating growth in world manufacturing activity (Chart 2). But in late … More SEMI Equip Growth Continued Through Year-End, Coronavirus Looms